Sergei Witte

Definition

Sergei Witte was a Russian statesman who served as Finance Minister (1892-1903) and Prime Minister (1905-1906). He is known for his efforts to modernize Russia's economy through industrialization.

Analogy

Think of Sergei Witte as the coach of a sports team. Just like how a coach trains and prepares their team for big games, Witte tried to prepare Russia for the future by strengthening its economy through industrialization.

Related terms

Industrialization: This refers to the process by which an agrarian, rural society becomes industrial and urban. It involves extensive re-organization of an economy for manufacturing.

October Manifesto: A document issued by Tsar Nicholas II in response to the 1905 revolution that promised political reforms, including the creation of a legislative body called Duma.

Tsar Nicholas II: The last Emperor of Russia whose reign saw Imperial Russia go from being one of the foremost great powers of the world to economic and military collapse.